A corporation administers an aptitude test to all new sales representatives. Management is interested in the extent

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A corporation administers an aptitude test to all new sales representatives. Management is interested in the extent to which this test is able to predict sales representatives€™ eventual success. The accompanying table records average weekly sales (in thousands of dollars) and aptitude test scores for a random sample of eight representatives.
A corporation administers an aptitude test to all new sales

a. Estimate the linear regression of weekly sales on aptitude test scores.
b. Interpret the estimated slope of the regression line.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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